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of pakistan's neighbors, and i think of india. what do you make of india's stopping that ship? all we know right now is that they found, like, 60,000 pounds of sugar. they are still looking at it, but what do you make of india stopping that north korean ship? >> india is imposing the security council resolution, and i think it is a very positive sign. india has been very cooperative with us, and they had very many parallel interests with respect -- they have a very many parallel interests with respect to terrorism and with respect to the nuclear danger -- they have very many parallel interests. greta: am i wrong to be suspicious that north korea might have been being a little coy? because sending that ship off in the direction that they did, knowing that someone was likely to stop it, and having 16,000 tons of sugar sort of makes the stopping country look, well, wrong, for one. >> nobody knows what the north koreans have on the ships. if north korea, a country that has no significant economy, that has no close relations with any other country in the economic field, if they can get away wit
on india? we have the economy growing 6.1% in the june quarter. how sustainable is it once this sort of stimulus kind of wears off? >> well, it seems that, you know, all those countries that have been hit much harder than the u.s. itself, the u.s. was the epicenter of the crisis, but all the asia countries have been hit much harder and have fallen down further. so they rebound also in a stronger fashion. i think this is just a rebound of, you know, looking like more recovery potential. but i think, you know, as the u.s. is also picking up speed now in the third quarter. we should be quite a sustainable recovery across asia. >> yeah. we also have in japan, of course, a new government in place. we also have mixed data coming out, japan today. we have industrial output better than expected growing 1.9% in july, but retail sales also falling in july, as well. how do you think all of this is going to weigh on the bank of japan? >> well, we think that the bank of japan is going to keep the monetary policy for a considerable period of time. but certainly what we are now seeing is at least i
freedom, free enterprise around the world in places from poland and china and india.
medicine. last week after working for years only with the generic drug companies principally in india and south africa, we announced our first big agreement with a large pharmaceutical company, pfizer, the biggest of all, has agreed to work with us to cut the price by 60% of the only drug we know that is affected at treating tubular chlorosis with people who have had aids for a long time. in other cases, all this medicine almost makes the conditions were spread half a million people die from this disease who have aids. the interactions of the madison and the t.b. medicine is often not good. the fact that they were willing to cut the price 60% will save a couple hundred thousand lives a year within two years. that is answering the how question. we tried to do the same thing in climate change where we are working with 40 cities around the world to reduce greenhouse gas emissions by retrofitting public housing, or big public buildings, or changing the street lights, or putting in new led streetlights in los angeles, or making ports more efficient, are working on better public transportat
of inflation especially in areas such as india and china, if we start to see areas there, we'll see commodities sustained. i am against ru bin on this particular point.t. i think we will see a stronger move ahead. it's more inflation led. the cost of money being so low at the moment that's driving that price. if we start to see a tightening, then the commodity rally westbound able to be sustained. >> martin, always a pleasure speaking to you. xw >>> shares in barclays trading higher after a profit jumped 8% in the first half to just under $5 billion. the numbers were shy of forecast after impairment charges on corporate and consumer loans jumped 86%. the profit of the group's investment dropped from a year ago thanks to the acquisition of lehman brothers and commodity revenu revenues. speaking first, the president bob diamond, said the bank is getting conservative. >> it's getting easier and easier to see exactly how it's going to play out. we are expecting a difficult second half in the year in terms of provisioning. that's part of our plan. >> in china, more signs that the government is putti
'd bng in ladies shoes from india at $5 you'd add a dollar on for the insurance and freight and you'd sell them by the container loads on duane street in new york city and your income statement would be $150,000 in revenue. your cost of goods sold would be 130, your gross profit would be 20 and your fixed profit would be 12 and you would make $8,000 before tax and that was my business model. and that comme by that child in 1982 has been what i've been thinking about almost nonstop for the last 27 years. how do you teach capitalism? how do you teach ownership? how do you teach people to control financial assets, their time and their thoughts. people who have been excluded from the system. people that have not been given a chance to participate in markets and in capitalism and instead many times have had markets used against them by accident. that's what i've been thinking about, for the '80s, for the next 7 1/2 years i rotated around it. i went to very difficult schools. i worked on one thing over and over again to develop a course, to develop a teaching methodology and lesson plans
and india and they're going to be growing very, very rapidly. >> that's where the fish are. fish where the fishes are, right? $1.33 billion people in china. >> larry, do you see a move of that magnitude over the next two years? i see growth, recovery, a little bit slow. the consumer may be out of the fetal position, but not really doing a whole heck of a lot right now. that's two-thirds of the economy at least. >> we're bullish. i don't know that we're that bullish. that's a lot to expect given how far we've come. i think you're right. the consume ser truliry weak. retail sales rely lousy. let me put it this way though you. need a weak consumer to prevent a real recovery. in other words, a few quarters of 5 or 6% growth but the consumer comes after the labor market gets going. i think the risk is you get a normal recovery. people are surprised. that will keep this market going. down the road in a couple years, i think where you run into trouble, they've got at some point they have to withdraw some of the stimulus. we can't run these deficits. that's why i'm not so bullish to say 50% hi
and india you have to have a strategy for economic growth and economic to filament in a period of considerable challenge. our argument is if we want to build a safe prosperous and free future we need to create the most productive most creative most entrepreneurial pro-market economy that runs on smart and effective economic regulation. let me be clear. i believe if you set out and say well what maximize their are ways to do that. you said what maximize the number of small businesses created by small business there are ways to do that. if you said how can i have the most continuous process of innovation we know how to it just doesn't fit the political elite definition of the future which is high techs, bigger shocker c and politicians entered. so, long term we're going to need budgetary reform legislation. it's interesting the last congress more than a dozen bills introduced to establish entitlement and budget commission's but if all the legislation did was have the same old conversation within the same old frame work you in fact wouldn't achieve very much. you end up with a com
and india, you have to have a strategy for economic growth and development in a periodic and serious challenges. our argument is that we want that build a safe and prosperous future, we need to create the most productive, most creative, must entrepreneurialism, pro- market economy that runs on smart an effective economic regulation. let me be clear. i believe that if you set out and say what would maximize the number of law entrepreneurs in america, there are ways to do that. what would maximize the number of businesses created by small businesses, there are ways to do that. if you said, how can i have the most continuous process of innovation, we know how to do that. it just does not fit the political elite definition of the future, which is high tax, big bureaucracy, and politician- centered. long term, we won the budgetary reform legislation. more than a dozen bills introduced to establish entitlement and budget commission's, but it all the legislation did was have the same all conversation with in the same old frameworks, you impact would not achieve very much. you end up with an
for that report. >> in india, ayesha faridi joins us live for the india business report. >> we participated in the global rally today. yesterday it clocked a new high for ourselves and the nifty clocked that or cruised past that 4,700 mark. today, the markets chose to consolidate. the biggest drav dragger is oil and gas heavyweight, which is why you're seeing the nifty break away and increase those values. tata motors is your biggest gainer for today, at almost 6.5% gains. there are also rumors in the market that they may get the loan guarantee approved for the government for bridge loan acquisition of land rover. besides that, most of the commodity stocks have been doing very well. you've got auto ancillary stocks looking very well. the monthly sales numbers that came out for auto stocks and infillry stocks are picking up in trade amid the mid and the small caps are holding up, as well. >>> elsewhere, we are looking at euro's biggest bank, hsbc, the company could soon be one of the first foreign companies to list in shanghai. reuters says it could raise up to $7.3 billion in a shanghai ipo
is rolling out it's high-end bikes in india next year. india is the big second biggest motorcycle market. >>> so the cash for clunkers program, the tally is in, almost 700,000 vehicles sold in the roughly two-and-a-half months this program was under way. yes, eight out of ten of the top ten vehicles sold were foreign-made. foreign brands. many of them built in the united states, though. but the success of this program, should it be expanded to other areas, cash for appliances, for example? firing off on the power grid, former clinton white house staffer david goodfriend, and gm berkman and associates. you know how it works. 20 seconds to make your case. jack, you probably don't even need 20 seconds to tell us why you don't think it should be expa expanded. >> carl marx said don't worry about america, they will spend themselves out of existence. i think he was right. we're diverting capital where it should not be. you've got an artificial industry with artificial jobs. now the government is stimulating artificial purchases within that artificial industry. we're reaching levels of absurdit
its emissions an china and india aren't, that they can opt out of the legislation. bret. bret: steve brown live in des moines. thanks. a civilian employee from fort louis army base in washington is at the center of a case over constitutional rights of speech and free assembly over over the government's concern over a group that engamed in civil disobedience. correspondent dan springer picked up the story r >> as anti-war groups tried to block this shipment of military equipment from ports in washington state to iraq and afghanistan, they had no idea a spy had infiltrated the ranks. now they are building a case against the man they knew as peace activist john cake could be, who is, in fact, john towery, a civilian army employee assigned to protection division at port arthur, washington. >> i sense a sense of betrayal. i felt like i lost a friend, and in reality, i did. >> the port militarization e assistance, or p.m.r. claims towery, a member of the group for two years and manages an e-mail list was illegally reporting and monitoring activities to police. the group broke his cover thr
negotiation going on between india and china that could short term hurt the stocks. i don't dislike mosaic, i just like potash better. if you're bullish, consider adp and paychecks. those are the great recovery plays. paychecks is better because it's got that hefty yield. after the break i'll try to make you even more money. >>> hoping to give your portfolio the golden touch? cramer goes one on one with eldorado's ceo to find out if his stock can shine on the executive position. >>> and later, try to keep up with cramer as he takes your calls rapid fire in an all-new "lightning round." >>> plus, how do your stock stack up in a mystifying market? cramer makes sure your portfolio make the grade on "am i diversified?" all coming up on "mad money." he ran off with his secretary! she's 23 years old! - oh, come on. - enough! you get half and you get half. ( chirp ) team three, boathouse? ( chirp ) oh yeah-- his and hers. - ( crowd gasping ) - ( chirp ) van gogh? ( chirp ) even steven. - ( chirp ) mansion. - ( chirp ) good to go. ( grunts ) timber! ( chirp ) boss? what do we do with the shih-tzu?
the economy, reduce the number of jobs, weaken the businesses, guarantee that china and india will outcompete us in of the world market and the only alternative to that is real change. you're not going to be able to get cleverly from here to a better future, as long as the system, whether it's at the state level or the federal level is dominated by structures of special interest, whose entire future is a function of bigger bureaucracies, more spending and higher taxes, so i hope i've at least made 18 nibble case that what we need is a dramatic level of change. what i would like to do is take a five minute break and come back for c-span, but i appreciate you giving us this much time to outline the initials, and then we'll start with questions right after the break. [applause] [inaudible conversations] [inaudible conversations] >> our liver coverage of this forum on the government budget process will continue in a moment. former house speaker newt gingrich will take questions from the audience an we'll continue our live coverage in just a moment. in the meantime, here's a conversation about the
seng fell 2 1/2%. shanghai composite down 2.9%. india's bombay sensex is down. guy? >> narc, the get go of the session, we were in negative territory. you follow what happened in asia. payroll has changed that all around. you are seeing the futures numbers. you can see it as we speak acro across europe. we've now got most of the main markets trading in positive territory. let me show you the spike we got in the stoxx 600. this is the story, instantaneous reaction to that number. stoxx 600 is trading at a session high here in europe. we are up by 1%. as you can see, most of the morning spent in negative territory. let me talk about some of the stories that aren't moving the market over on our side of the pond. royal bank, very negative today. much more negative than anticipated. it missed on the metrics today with its figures. the real thing that struck the market, though, was the comments that came out of steven, the ceo. i spoke with him first thing this morning. he was much more cautious than lloyd was earlier on this week. he is talking about two years at least in terms of getting th
american jobs here, create jobs for americans. i called one time to the help lines and i was calling india. i want to talk to an american. we could use that money to lower the deficit here. that is about all i have to say. host: one of the headlines this morning is in the front page of "the washington post." ben bernanke to be reappointed as the fed chairman. we will hear from the president in about 35 minutes live from martha's vineyard, the renomination. senate confirmation hearing the fall. the reappointment would take effect in january of next year. we have and we will continue to be covering these town hall meetings here on this network all this week. we will show you a cross section of democrats and republicans as they meet with their constituents. one of the hearings will be live tonight in northern virginia, a town hall meeting from the reston, va., with congressman jim moran. joining him will be former chairman of national democratic committee, former dr. and governor of vermont, howard dean. a writer for the fairfax county * will be at the town hall meeting and also with freshman
, one hears that the russians have been selling more advanced weapons to india, they have also sold some advanced weapons to malaysia and i understand indonesia. they have, obviously, a deep oblem with japan because of the northern territories, but nevertheless, if the rusans were to see their relationship with china as in some respects inhibited, aren't the assets avaible to the russians to, if you like, increase their livery somewhat? >> well, the russians have been trying to exercise those. they understand that, and so, for example, the arms relationship was always something that implicitly if the tensions became worse, the russians could do what the united states did after tiananmen which was cut that off. but now the chise can develop a lot of this stuff indigenously, so that leverages decline. the oil and gas we discussed, it's something that russia's been trying to use to, say, threaten or not threaten but really just bargain off china and japan and other countries to get them to pay higher prices, and the chinese for a while, you know, pretty much stood on their terms. now the ru
. there is a price negotiation going on between india and china that could short term hurt the stocks. i would use any opportunity to buy them. i don't hate mosaic, i like potash better. if you're bullish, consider adp and paychecks. those are the great recovery plays. paychecks is better because it's got that hefty yield. after the break i'll try to make you even more money. >>> hoping to give your portfolio the golden touch? cramer goes one on one with eldorado's ceo to find out if his stock can shine on the executive position. >>> and later, try to keep up with cramer as he takes your calls rapid fire in an all-new "lightning round." >>> plus, how do your stock stack up in a mystifying market? cramer makes sure your portfolio make the grade on "am i diversified?" all coming up on "mad money." i'm racing cross country in this small sidecar, but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and wherever i go, i've got plenty of room for the internet. and the nation's f
-- can you start a company in china today? increasingly you can. a company in india and america better wake up to that fact. they better wake up to the fact that other systems that regulate more, that pay for education and have more efficient healthcare systems are going to start becoming much more competitive economically than we are and we better start taking care of ourselves. and i'm not going to become an idealog. i'm not going to tell you people and i'm certainly not tell the jury or i'm not going to tell this woman who keeps laughing, that the only answer, the only answer -- i always remember this line from sinatra. sir, take your hand off that broad. [laughter] >> we're in las vegas. i can say that. >> what happens here stays here. [laughter] >> we'd better take care of ourselves and i'm not going to become an idealog or use lebron james as an example or ethiopia or tell you fannie mae did it all or distort the numbers or tell you everything is bad about private enterprise. not remotely. i'm going to tell you we better get some balance in america and we've lost that. we've lost
give up imported oil, that vast supply of oil in the middle east would be devoured by india and china. india has already said. not only will they not sign any global warming treaties but they are annoyed by us having asked them to sign it. brian: we understand the arctic circle is melting. therefore water ways we are going to have to spend money to protect. john kerry sudan result of did he vert in the north and repeat many times over and therefore terrorist also flourish. the center for naval analysis has looked at this and in 2007 came back with study arctic sea ice we have a whole new side of the continent that we have to defend. in terms darfur. really the first example of a country where climate change is exacerbated drought and the conflicts have been intensified. in fact, climate change is a force multiplier. you combine that with the idea that not only do the effects cause mass migrations. but also we are sending all these billions of dollars to our enemies. why? who could be about reducing the amount of oil. brian: john, a lot of people don't even see something that's valid g
's happening in china and india. >> yeah. see, here's the problem. i can't pull into the gas station and say, oh, that's above the fair market value. i'm only going to give you $1.95 a gallon. how much of this -- you said it was speculative. is it still liquidity -- a liquidity driven phenomenon? there's a lot of liquidity going into the market. >> you can't do a thing about it right now. obviously there's a lot of money on the sidelines that look for asset based investments right now. oil is becoming an investment right now so many different individuals. the fact that we're trades in the $70s and oil is nearly spilling on the ground in the united states, the consumers are so down and out right now. the fact that we are trading above fair value that will be rectified here very soon. >> conceivably, we could really -- oil prices could really crater? >> we think that we have the supply is nearly at an all-time highs right now. opec has -- >> we should be, what, $30? >> we should be probably around $50 to $55. we do have china and india. their economies are doing well. the u.s. is still by far
, crop shortages in this brazil and india, big talk. tradertalk.cnbc.com. >> bob, technology still holding up, nasdaq up 7.5 points. i take you to wall and show you big cap technology stocks. the story today dictated by apple. barclays capital raising the price target to 208 from 188, not only like the product line but free cash flow. stocks up 1.75%. microsoft strong, as well, 1%, talking about the zzunor next month. look at what is happening in the chips base. 1% for the semiconductor index, names internally within that intel, qualcomm, and r.w. baird. palm, jim goldman was telling you on the menu, smart phones, palm is up 4%, despite the fact it was cut to sell at morgan joseph, and an upgrade at morgan keegan. >> the question we often ask so many times, what's driving crude oil? we have two charts here that really put it in focus. first take a look at oil versus the dollar. the dollar has been down all day, but it's been so steady and you see the volatility in oil. so, okay, now flip it. take a look at oil versus the s&p 500. it's pretty clear, based just on those charts, and t
. furthermore when you're faced with competitors like china and india you have to have a strategy for economic growth and economic development in and time of considerable challenge. our argument is if we want to build a system of prosperous, and free future we need to create the most productive, most creative, most entrepreneurial pro-market economy that runs on smart and effective economic regulation. let me be clear, i believe that if you set out, say, what would maximize the number of entrepreneurs in america. there are ways to do that. what would maximize the number of smaller businesses created by small business? there are ways to do that. if you say, how can i have the most continuous process of innovation, we know how to do that. it just doesn't fit the political elite definition of the future, which is high tax, big bureaucracy, and politicians entered. so long term we are going to need budgetary reform legislation. in the last congress more than one dozen bills were introduced to establish entitlement and budget provisions. but all the legislation did was have the same old conversatio
on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you have counters from the entire real estate space like unitech and glenn mark pharmaceuticals, that is one count which is in focus and trade today. here is perhaps the reason why. forest labs currently says they did not show positive results in the phase 2b trials pop so any jerk reaction coming in on opening bell. the counter was down about 18 odd percent. still continues to suffer, down about 14% on last count. some bit of recovery in ranbaxy, idn and a couple of other counters which have which has sold off a bit in the last week or so. with that, it's back to you. >> ayesha faridi, thank you very much. and it's back to becky now. >> the world is focusing on the economic
in hindi and nobody who's college educated in india they have a serious condition that they can't afford to treat and being able to buy a ticket and come. that would be more of a phenomenal on the most educated with one very notable exception. maybe at the border there would be people who come across the border to get medical care. there are -- and that would be another example. there are about 400,000 births to say illegal immigrants in the united states each year comprising 1 out of every 10 births in the u.s. what percentage are people who arrive pregnant, women who cross the border or overstay a visa pregnant. it could be a large number, 20,000 and it could cost taxpayers millions and it certainly does but it's hard to get a handle on how big is that is potentially but as robert pointed out, that if you don't verify which is what this new bill considers, that could grow much larger than whatever it is now. >> i would consider the precedent for medical tourism to be quite strong indeed because we've already done this once as a nation or something very similar. in the 1980s and 1990s,
, can you start a company in china today? increasingly you can. a company in india and america better wake up to that fact. they better wake up to the fact that other systems that regulate more, that pay for education and has more efficient healthcare systems are going to start becoming much more competitive economically than we are. and we better start taking care of ourselves. and i'm not going to become an idealog that the only answer -- i always remember this line from sinatra. it's a powerful line. sir, take your hand off that broad. we're in las vegas. i can say. >> what happens here stays here. >> we better take care of ourselves. i'm not going to come up and use lebron james as an example or ethiopia and tell you changed the numbers. i'm going to tell you we better get some balance in america and we lost that and the consequence of losing that has been severe economic cataclysm. who brought up the soviet union? the soviet union, please, charles. let's not -- let's not jump from one extreme to the other. i'm not talking about the soviet union. but we need some balance here. we
will be on display. >> how beautiful. >>> sri lanka and india teaming up with the national zoo this weekend. >> and holly morris is learning what is going on on the asia elephant day celebration. holly, good morning. >> reporter: good morning. there will be a lot going on on saturday, for you to enjoy and celebrate all that the asian elephants have to offer here at the national zoo. and they are coming over to be on tv with us to show their best sides. in the yard with me, i should say, besides these two, is tony bargeel who is the curator for large mammals. so let's talk about what is going on on saturday and the importance of the day. >> great. yeah. well saturday we're celebrating the asian elephants and there is so much to talk about here. we want to talk to people and help bring people in to celebrate with us, to talk about the conservation stories and the important research here at the zoo and in the range countries. >> and why should we care? >> well we care about them because they are amazing animals. there are only 35-50,000 asian elephants left in the wild. >> reporter: which is n
news is bullish. we forget in the crude oil market, it's china and malaysia and india and indonesia and it's asia that is now the real demand change in the energy market. we are becoming less and less important. we might be the largest user, but the greatest increases and change and rate of change in demand is going to come from there. china we have to remember is the largest taker of every raw material in the world. chinese buy suggest taking it higher. we break out above 75 and can go to 80 quickly. >> at the same time we have all been watching china this week as a leader to the u.s. markets. whatever they did, we tend to mirror that. there is concerns about china and the recovery and the pace going on. at the same time can you make the case that it is china and asia driving the surge in oil and at the same time we are fretting about whether they will continue at the pace. >> china will continue at the pace and we are more concerned about whether the stock market was a bubble and does beijing want to try to keep that from getting too hot? is the chinese economy going to be more ab
, to countries like china and india and they market that. that obviously wasn't a very good marketing tool yesterday at that air show. the squadron leader of the sequoia 27 killed on impact to the ground. jane: to the city of chicago now where things have shut down. the city has shut down. we're not kidding here. jon: chicago is closed? jane: the budget cuts there have forced the city really to tell all nonessential workers stay home today, we're not going to pay you so don't show up. that means no garbage pickup, most of the city offices are closed, libraries won't open up. steve brown is essential to us. he's on the job. explain to me here who is furloughed. >> well, it's basically all public employees, minus those that work for the fire, police department, and emergency services. you hit a lot of the majors. garbage isn't going to be collected today, senior centers are close. medical and health clinics run by the city are not open. and city hall is shut down. it affects all of those folks. jane: i hate to say this but if you're looking to the future, chicago may not be alone in this. i
that will make the difference as to what regions have the most vibrant economy. we are competing against india, china, singapore, korea. gretchen: so many people would take you to task by saying that you could use the money that you already have for education and spend it more wisely. >> we have done that. we did not produce the results by accident. we did it by targeting spending. we said, here is money for pre- k education. here is money for after-school tutoring. here is money to put a laptop in every desk in a high school. brian: newt gingrich, jeb bush, and the president all seem to agree. i think we could use something, a topic that we get along with it, rather than the friction which health-care greenspan. >> i agree. spending, if it is done well, and targeted, it can make the difference. that was my message to the legislature. they should be proud of what they have done. the appropriated the money. steve: it is always progress when we get you on the show, governor ed rendell. thank you. gretchen: a high school official now on trial for city in a prayer in school banquet. she did not ev
manufactures, way better than expected. pre-bear. and they also saw the same thing in brazil, india, and china. >> well, you know, there was massive government intervention. >> right. >> massive, around the globe. here we go. at the big board, javelin investment management celebrating the recent look at jet dow jones islamic market international index fund. i don't get where the -- >> where the jets. >> i'll finger out where the jets come from. and at the nasdaq, the mt. sinai medical center. >> market reporters are standing by. let's get there. opening down 42. not full any open. bob, take it away. >> freddie mac is up here nicely, 122. that's a nice little move up there. 45-cent move. bottom line is, for the first profits in nearly of two years, sited a number of different things. change in accounting, that is kind of important. lower funding costs. gains in the company's derivative portfolio. fannie and freddie were the two most actively traded stocks. they don't need additional funding or financing from the u.s. government at this time. at this time is very important. they made a point of
at china and india, they have both upped their forecast for gdp growth this year. and there's going to be a lot of demand right there alone.e. you can say the same thing for cell phones, two-thirds of us in the developing world. >> it's going to be non-u.s., your industry for a while at least? >> yeah. and again, i think that's been the case for some time now. yeah. >> so, where are the fabs now? we talked about this last time. >> right, yeah. >> and i'd like to kind of keep track of that.t. we still have a lot of fabs in the u.s. of is this overseas demand resulting in a shifting of where we make them? >> with still have a lot of fabs in the u.s. we still are investing in new state-of-the-art leading edge technology, leading edge capability here in the u.s. both in terms of wafer size, 12-inch wafers, at the load level, dimension level.l. as a consequence of that, still about 70% of the u.s.-based companies, production is taking place here in the u.s. and we think that's going to continue for the next few years. >> do you know what i don't hear anymore, and maybe it's because we've
gandhi in india, he would have gotten nowhere if it hadn't been the soviet union looming in the background and it seems me until we reach a point in which poor people are organized and willing to struggle against the wall street capitalists, we're going to continue to see a roll-back of all the gains of the civil rights and the labor movement. i was hoping you'd comment. >> host: thank you shaun from washington state. >> guest: shaun, i don't think we're in any danger of seeing a roll-back of the civil rights movement. the civil rights movement have transformed america. we have other groups from american indians to latinos, gay rights groups, children's rights groups who have emulated the very legal strategy that thurgood marshall used to transform the laws of america and allow for equality and inclusion. i think what you're talking about is more on an economic basis and the increasing class stratification that we see in the united states today. and i'm reminded -- i remember sitting with thurgood marshall and saying to him, you know, if you were a young man today, going
in algeria and india. in algeria the russians and sold them 29 and had to take him back because they were defective and then they gave them to their own forces. [laughter] the next time you fly, and you have been aboard. [laughter] and indigent if you follow the indian discussion, i mean, this incredible story of the admiral is a fiasco of cosmic proportions and the russians are embarrassed. it turns out a lot of the 29 states sold also were defective in some respects or others and people in the indian government has en complaining several years now the russians are selling them junk. the rubber is going to meet the road when the iian government puts up 126th fighter planes. fighter planes are what made the russian defenseonnection to indy 500. if they lose the contract they are in a dangerous position economically. so, yes they are selling weapons to the southeast asians and they obviously want to diversify for an exposure for reaso obvious to everybody but the fact of the matter is russia cannot compete and it is their own fault as we discussed earlier. next question over here. >> secon
this global warming tax when everyone in this room knows that china and india and the others are doing it, how will we have a manufacturing sector if we put an extra tenor 15% tax on american manufacturers and the rest of the world doesn't. i don't know about you but i think it is like economic harry carey to move forward with these and we party got our manufacturing sector fought on its back in now seems almost done page data to be talking about this global warming tax. other work -- other questions? >> [inaudible] [inaudible] >> let me say one thing about that, just one thing. the question about why is it that we look at the data and we come to polar opposites conclusions and the answer is i don't really know. every time i give talks about the book the first question is this stuff seems so obvious, and the fact that you just said the lower taxes is pretty obvious you get more of economics and there. we don't think these are radical ideas and we think the evidence is pretty solid and so i don't have a good explanation for how the other side comes up with the opsin collusions and i do think th
the united states falling into the influence of russia, india, europe, and form a basic balance of what they call democracyization, they mean externally in the terms of the balance. the segments also -- china and russia has the u.n. vetoes and insofar as the united states are giving up the resolution, they can veto that. they can use that veto power to modify resolutions about their friends and allies in the third world developing countries. they -- the segments often in their segment they often tend to agree on what they don't like about american policy, although they don't name the united states. there's our criticism of democracy efforts or efforts from one political system on a different political system or culture. there is the attempts to militarize and so on. they settled one major point of contention. they finally made their joint border, they now finally settled that. and now that will become contested for a while. even in the energy realm if you consider energy security and dimension security, there has been a major turn around in the past year. after many years of frustrated
's rights, none of that, even gandhi in india would have gotten away if it weren't for the soviet union looming in the background and seems to me until we reach a point in which poor people are organized and willing to struggle against the fell wall street capitalists we are going to continue to see it will back of the human rights and the civil rights movement and the labor movement, something of comment please. >> host: thank you from washington state. >> guest: sean, i don't think we are in any danger seeing a rollback in the civil rights movement that transformed america. we have other groups everybody from the american indians latino, gay rights groups, children's groups who emulated the strategy that thurgood marshall used to transform the law of america and allow for a quality and inclusion. i think what you're talking about is more the economic bases and increasing class gratification we see in the united states today and i am reminded that i remember sitting with thurgood marshall and singing to him if he were a young man today going forward in your legal career what would you
china and india to act first. if america solves our energy problems first, every country on earth will beg for the technologies that we developed. if not, we will be begging for technologies developed elsewhere. america has always prospered by being one step ahead. we mass produced the car and american manufacturing built the middle class. we sparked the i.t. revolution and our high-tech revolution gives us high-paying jobs. today being one step ahead means developing the clean-energy technologies of future before anyone else does. waiting for china to address its emission problems before we address ours is like waiting for an opponent to finish the race before we start to lace up our shoes. china's not waiting for america to act. it's already implemented strong policies to promote clean energy. chinese fuel-efficiency economy standards are higher today than ours will be in 2020. they have already set a 15% renewable energy standard for 2020. and their government recently said they could reach 20%. and in 2009 china became the world's largest clean-energy investor. it plans to spe
that from hawaii to the philippines to taiwan to china to korea to japan to india to malaysia. and world war ii was a very complex war. so we have started down the road of writing about it. and "pearl harbor" is ourirst effort in that direction. and we have one very specific change, and only one in "pearl harbor." the original japanese attack on pearl harbor iseld by admiral nagumo. and nagumo was a battleship admiral. he didn't believe in aviation attack. and the leader of that fleet waÑ yamaot who was a great gambler. he made money playing poker in the u.s. and in pces like monte carlo. whatf the japanese had convinced themselves that the most critica step on december 8th, which is the date in tokyo, december 7th in the u.s., was the rai at pearl harbor and there are yamamoto should have led it and what happened if he hadn aircraft admiral andho was aggressive and risk-taking lead the raid rather than a very cautious and conservative battleship admiral? and i think "pearl harbor" is a pretty goo description, both of the danger to democracies in lying to themselves about wt's happening and
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